Can I gift money before divorce?
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Can I gift money before divorce?
According to Fiona Apthorpe, Head of Family Law, there is little chance of this change of heart being accepted in court. “Divorce courts are somewhat sceptical of such claims,” she explains. “Generally, if somebody gives money – or another asset – as a gift, then legal ownership transfers to the recipient.
How can I protect my savings in a divorce?
Here are some effective and legal ways to protect money and assets from divorce.Prenuptial agreement. Remember: BFAs or pre-nups aren’t just protection for the party with more assets. Separation of assets. Separate roles and just compensation. Proper documentation. Discretionary trust.
Do inheritances get split in a divorce?
An inheritance received by one party prior to the relationship or around the time the relationship commenced is more likely to be treated as an initial financial contribution to the relationship or marriage. It will not be separated from the asset pool upon divorce.
